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Morphic Ethical Equities Fund Limited (MEC) Fair Value & Analysis

Financial Services · AU · Market cap A$40.0M

ME Morphic Ethical Equities Fund Limited MEC · AU
PriceA$1.36
Fair ValueA$1.90
Upside+39.7%
Quality95/100
Evidence: High Range A$1.42 – A$2.37

Fair value as of: Jun 26, 2026

From 20 valuation models · updated 3 days ago

Share price +5.8% over the past month.

Price vs Fair Value (12 months)

A$1.39 A$0.9545 Fair Value A$1.90 Apr 2025 Jun 2026

12‑month range A$0.9545 – A$1.39 · fair‑value band A$1.42 – A$2.37 · the A$1.36 price screens below the A$1.90 fair value. As of Jun 26, 2026.

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Analysis

Morphic Ethical Equities Fund Limited (MEC) currently trades at A$1.36, while our model-based Fair Value estimate is A$1.90 — implying the stock looks roughly 39.7% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

The stock trades on a trailing P/E of 11.9. Fundamentals as of Jun 26, 2026

Key figures & financial health

Free cash flow A$3.7M FY2025
P/E ratio 11.9
EPS (TTM) A$0.1100
Net debt A$906K FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Morphic Ethical Equities Fund Limited is an equity mutual fund launched and managed by Morphic Asset Management Pty Limited. The fund invests in public equity markets across the globe. It also invests in derivatives. The fund invests in stocks of companies across diversified market capitalizations. It invests in value, growth, and momentum stocks of companies. The fund employs long and short strategy to make its investments. It employs fundamental analysis with bottom-up and top-down approach to make its investments. The fund benchmarks the performance of its portfolio against the MSCI All Countries Total Return Daily Index. It employs ethical screening to make its investments. The fund does not invests in securities of companies involved in environmental destruction, including coal and uranium mining, oil and gas extraction, intensive animal farming and aquaculture, tobacco and alcohol, armaments, gambling, logging of rainforest, and old growth timber. Morphic Ethical Equities Fund…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Morphic Ethical Equities Fund Limited reported revenue of A$8.1M in FY2025 versus A$21.6M in FY2021, a compound −21.7%/yr. Reported net income was A$5.4M in FY2025, compounding −20.9%/yr from FY2021.

Revenue −21.7%/yr
FY21 A$21.6M
FY22 A$886K
FY23 A$11.9M
FY24 A$187K
FY25 A$8.1M
Net income −20.9%/yr
FY21 A$13.9M
FY22 −A$15.1M
FY23 A$7.6M
FY24 −A$950K
FY25 A$5.4M

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Frequently asked questions

Is Morphic Ethical Equities Fund Limited (MEC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$1.90 versus a price of A$1.36 — about +40% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MEC?
Our 21-model fair value for Morphic Ethical Equities Fund Limited is A$1.90 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$1.36.
What is the quality score of MEC?
Morphic Ethical Equities Fund Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of MEC?
The net profit margin of Morphic Ethical Equities Fund Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.